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Latham & Watkins Advises on Targa Telematics Financing in Connection With Its Acquisition of Viasat Group

May 18, 2023
Milan-based finance team represented the technology company in the transaction.

Latham & Watkins has advised Targa Telematics S.p.A., portfolio company of Investindustrial VII LP, active in the development of IoT technological solutions, Smart Mobility, and other digital platforms for the insurance and mobility market, in the signing of its financing agreement. The financing supports Targa Telematic’s acquisition of 100% of the share capital of Viasat Group S.p.A., a company that supplies satellite security and IoT services.

The transaction was finalized following the approval of the Antitrust Authority in Italy and Spain and the successful completion of the Golden Power procedure in Italy.

The team was led by Milan finance partner Marcello Bragliani, with associates Erika Brini Raimondi and Simona di Marcantonio.